Norwegian Gambling Authority steps up oversight of online casinos
Norway’s online casino market faces increased scrutiny Lotteritilsynet oversees banks to enforce a ban on transactions with illegal online casinos in Norway. EGBA urges Norway to adopt a licensing model for online gambling, citing the need for diversity and player safety. In a bid to further regulate the online casino market including the rapidly growing crypto gambling and reduce illegal gambling, the Norwegian gambling authority, Lotteritilsynet, has intensified its efforts to enforce existing regulations. The authority is closely monitoring nine banks in Norway to ensure compliance. It has also banned banks from processing illegal gambling transactions. Online casino payment restrictions The ban on payments to and from illegal gambling operators is a crucial regulatory tool aimed at reducing illegal gambling in Norway. Recent population surveys suggest that this prohibition has made it increasingly challenging for the public to engag...